ICL Group (NYSE:ICL) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

ICL Group (NYSE:ICL) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01), FiscalAI reports. ICL Group had a return on equity of 8.40% and a net margin of 3.95%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.13 billion.

ICL Group Price Performance

NYSE ICL traded down $0.01 during trading hours on Tuesday, reaching $4.67. The company’s stock had a trading volume of 3,433,840 shares, compared to its average volume of 1,498,750. ICL Group has a 1 year low of $4.35 and a 1 year high of $6.97. The company has a quick ratio of 0.94, a current ratio of 1.58 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 19.48 and a beta of 0.97. The firm’s 50-day moving average price is $5.13 and its 200-day moving average price is $5.37.

Wall Street Analysts Forecast Growth

ICL has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of ICL Group from $7.00 to $6.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Weiss Ratings restated a “hold (c)” rating on shares of ICL Group in a report on Thursday, October 29th. Finally, Wall Street Zen lowered shares of ICL Group from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.00.

ICL Group Company Profile

ICL Group Ltd. is an Israel-based specialty minerals and chemicals company. Its business draws on resources including potash, phosphate and bromine to produce products for agriculture, food, industrial and other markets. The company supplies crop nutrition products and specialty fertilizers, as well as phosphate ingredients used in food and other applications. Its industrial products include bromine-based compounds, flame retardants, water-treatment chemicals and specialty minerals. ICL also develops materials for energy storage and other advanced applications.